Tiny waterside bungalow in millionaire's playground Sandbanks sells for £13. 5m making it 'one of the most expensive properties in the world' per square foot The four-bedroom property in Sandbanks has stunning views of Poole Harbour The new owner plans to pull down the existing bungalow and build an eco-home By Elizabeth Haigh Published: 11:40 GMT, 9 March 2023 | Updated: 12:22 GMT, 9 March 2023 e-mail 16 View comments A four-bedroom home at Dorset's exclusive Sandbanks resort has beaten out rival luxury locations to sell for more than £4,500 per square foot - becoming one of priciest properties in the world for its size. The bungalow on 'Millionaire's Row' was bought for a record £13.
5million by Tom Glanfield, a self-made multimillionaire who started a recruitment business 20 years ago with a student loan. The chalet had been passed down from generation to generation of the same family for the last 117 years after a Victorian botanist bought a piece of land on the peninsula in Poole Harbour, Dorset, for about £1,000 in 1906. The bungalow, named North Haven Point, was extended in the 1950s and now has a floor space of just 2,909sq ft.
The price paid by Mr Glanfield equates to £4,640 per square foot, beating the average value of property in sought-after locations such as Monaco, Hong Kong and New York. North Haven Point was extended in the 1950s and now has a floor space of just 2,909sq ft The four-bedroom home (circled) has become one of the most expensive properties sold on 'Millionaire's Row' in Sandbanks The house comes with stunning views of Poole Harbour and is one of the most desired locations in the UK Sandbanks has been one of the most desirable places to live in the UK for more than 20 years. In 2000 the strip of land was named the fourth most expensive place to buy residential property in the world, behind Tokyo, Hong Kong and London.
According to a 2022 survey by estate agents Savills, Monaco was the most desirable place in the world for property, with homes selling on average for the equivalent of £4,374 per square foot. Hong Kong was next at £3,775, followed by New York at £2,150, Geneva at £1,875, Tokyo at £1,850, Shanghai at £1,850 and London at £1,741. At £4,640 per square foot, the bungalow is believed to be one of the most valuable properties per square foot in the world.
The four-bedroom house has unique features, a small outdoor pool, huge bay windows and walk-in dressing spaces. Mr Glanfield, who is in his early 40s, described the potential for the property as 'huge'. It occupies a 1.
4 acre corner plot, by far the biggest piece of real estate on the Millionaires' Row. He plans to demolish the bungalow and replace it with a luxurious eco home that will cost at least £5million to build. The investment will also see the upgrading of the sea defence walls at the bottom of the garden.
The living room of North Haven Point, on Millionaire's Row in Sandbanks The idyllic Sandbanks seafront property has large bedrooms with wide windows Some of the bedrooms appear to have walk-in wardrobes and dressing areas The house even has its own small outdoor pool for use during the summer months There is an open-plan kitchen and dining area at the waterside bungalow North Haven Point This large bedroom has space for a sofa and king-size bed - and also comes with an en-suite The expensive home boasts unique features such as this window seat overlooking the garden Due to its corner location, the property has a stunning 270 degree view of Poole Harbour - the world's second largest natural harbour behind Sydney. Mr Glanfield posted on social media: 'Proud to take my own small slice of Sandbanks. It's nothing fancy, but I fought hard for it and the potential is huge.
Got some work to be done ahead, like repairing all the sea defences. 'But I fell in love immediately with the view and its rustic charm, could sit at the end of the garden and never want to move again. ' Harry and Sandra Redknapp have owned two houses at the exclusive location and Sky Sports pundit Graeme Souness lives nearby.
Celebrity interior designer Celia Sawyer also lives in Sandbanks. The property's new owner Tom Glanfield plans to demolish the bungalow and replace it with a luxurious eco home that will cost at least £5million to build The £13. 5 million house has a second sitting room which can double up as office space The four-bedroom home had been in the same family for 117 years after Victorian botanist Sir Joseph Dalton Hooker bought a piece of land there The house has just 2,909sq ft of floor space.
Robert Dunford of estate agents Tailor Made, which handled the sale, believes demand for waterside property around Poole Harbour has increased even more since the pandemic The price paid for the chalet bungalow equates to £4,640 per square foot, beating the average value of property in Monaco, Hong Kong and New York Robert Dunford of estate agents Tailor Made, which handled the sale, believes demand for waterside property around Poole Harbour has increased even more since the pandemic. He said: 'About 20 years ago Sandbanks was the fourth most expensive place in the world to buy residential property. 'Since then, other parts of the world have risen up and overtaken the area.
'But demand and prices for waterfront property in Britain has rapidly increased following Covid. 'People have realised they can work from home and don't need to be tied to an office in London. 'They have reevaluated their work-life balance and places like Sandbanks seem to be even more desirable now and this sale reinforces that.
'The location brings with it the lifestyle. You have Poole Harbour, award winning sandy beaches and the Jurassic Isle Of Purbeck as your playground. While the bungalow now has a floor space of just 2,909sq ft, the property occupies a 1.
4 acre corner plot - by far the biggest piece of real estate on the Millionaires' Row The luxurious seafront bungalow had been owned by four generations of the Hooker family The plot was bought by Sir Joseph Dalton Hooker who was one of the most important botanists of the 19th century, a friend of Charles Darwin and the first director of Kew gardens 'The new owner of North Haven Point has bought the home for its location, size and privacy of the plot with its extensive harbour frontage. I believe he is looking to embrace green credentials, working with the protected trees, and create something truly special. 'The plot is over 1.
4 acres, in the stunning southwest section on Sandbanks Peninsula, it really is the best corner plot I've ever had the pleasure of representing locally. 'It is a double aspect corner plot that captures the sun all day. ' The bungalow had been owned by four generations of the Hooker family.
The plot was bought by Sir Joseph Dalton Hooker who was one of the most important botanists of the 19th century, a friend of Charles Darwin and the first director of Kew gardens. The ground floor has a living room, dining room and kitchen, utility rooms, store room, pantry and office. The first floor, which was extended in the 1950s, has the master en-suite bedroom, a guest bedroom suite and two more bedrooms.
The outgoing owner said: 'The uninterrupted views are magnificent. ' Share or comment on this article: Waterside bungalow worth £13. 5m at exclusive Sandbanks resort beats property value in Monaco e-mail Add comment Comments 17 Share what you think Newest Oldest Best rated Worst rated View all The comments below have not been moderated.
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